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The Times

Why Jack Dorsey's Square paid a record $39 billion for Afterpay

  • Written by Lien Duong, Senior Lecturer in School Accounting of Accounting, Economics and Finance, Curtin University

The A$39 billion (US$29 billion) that Twitter founder Jack Dorsey’s digital payments company Square is paying to acquire Australian upstart payments outfit Afterpay is the biggest takeover deal in Australian corporate history.

It surpasses the A$32 billion European commercial real estate giant Unibail-Rodamco agreed to pay for Frank...

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